$9 billion hedge fund manager David Abrams, who rarely makes public appearances, lays out his investing strategy - and cautions against being too patient

David Abrams, who manages nearly $9 billion with his fund Abrams Capital, rarely makes public appearances.
He told attendees at a New York conference on Friday that while a short-term-only focus from investors will only end up hurting a company long-term, managers can actually be too patient.
"The long term is made up of a lot short terms," said Abrams, who is a protegee of Baupost's Seth Klarman.
He derided investors that look for the easy way out, saying there's no algorithm" for investing.
Even patience has its limits.
It's a mantra that every investor should subscribe to, according to...Read more ...